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Web3 projects are often decentralized and open for people to contribute to. Many of the business models in this repo reflect that via a focus on cryptoeconomic token models. This creates a much more community centric dynamic than traditional B2C businesses.
From a product development standpoint, startups are often starved for user feedback. Those who "get out of the building" and talk to users to "make something people want" are often the most successful. Web3 projects don't have to have this problem though. The open nature of the technology provides a natural feedback mechanism for the community to share their opinions and get involved. This helps to make the product more valuable, which makes the tokens more valuable, which makes everyone happier :)
From a community development standpoint, communities are all about communication and collaboration. The better a community driven project is at communication the more people want to contribute and the happier they are doing so. Much of this communication comes down to transparency. People want to know what's going on, why, and how it affects them.
You can fork code, but you can't fork a community. A strong and engaged community is a defensive moat against competitors. It also supports user engagement, product development, and investor sentiment. If projects have a token centric cryptoeconomic business model, this is essential. Tokens and cryptoeconomic models are useless without a community.
With this in mind, would it be useful to create a category for transparency and/or community engagement? This could include resources that make funding, token supply/issuance, and decision making transparent and collaborative. It could also include governance/signalling mechanisms that allow the community to weigh in on how funds should be spent and/or what direction projects should take. It could also include ideas for gamification and recognition of work done. There's lots of resources that could help projects understand and optimize the dynamics of web3 business models. First there needs to be a place to aggregate and talk about them. Is this a good place for that?
The text was updated successfully, but these errors were encountered:
Web3 projects are often decentralized and open for people to contribute to. Many of the business models in this repo reflect that via a focus on cryptoeconomic token models. This creates a much more community centric dynamic than traditional B2C businesses.
You can fork code, but you can't fork a community. A strong and engaged community is a defensive moat against competitors. It also supports user engagement, product development, and investor sentiment. If projects have a token centric cryptoeconomic business model, this is essential. Tokens and cryptoeconomic models are useless without a community.
With this in mind, would it be useful to create a category for transparency and/or community engagement? This could include resources that make funding, token supply/issuance, and decision making transparent and collaborative. It could also include governance/signalling mechanisms that allow the community to weigh in on how funds should be spent and/or what direction projects should take. It could also include ideas for gamification and recognition of work done. There's lots of resources that could help projects understand and optimize the dynamics of web3 business models. First there needs to be a place to aggregate and talk about them. Is this a good place for that?
The text was updated successfully, but these errors were encountered: